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MO HB1085

Bill

Status

Introduced

3/2/2015

Primary Sponsor

Mike Lair

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Extends work-after-retirement restrictions to retirees employed by third parties or working as independent contractors in school districts, if performing work as substitute teachers or in positions requiring teacher certification

  • Retirees may work up to 600 hours per school year (for PSRS) or 550 hours (for PEERS) and earn no more than 50% of their pre-retirement salary without losing retirement benefits

  • Retirement systems may require districts, third-party employers, independent contractors, and retirees to provide documentation proving compliance with work limitations

  • If documentation is not provided, the retirement system may deem the retiree to have exceeded the work limitations, resulting in suspension of retirement allowance payments

  • Applies to both the Public School Retirement System (sections 169.270-169.400) and the Public Education Employee Retirement System (sections 169.010-169.141)

Legislative Description

Modifies provisions relating to the teacher and school employee retirement systems

Last Action

HCS Reported Do Pass (H)

4/20/2015

Committee Referrals

Select Committee on Financial Institutions and Taxation3/18/2015
Pensions3/12/2015

Full Bill Text

No bill text available